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Republican congressmen Blaine Luetkemeyer and Steve Pearce say their new legislation would update anti-money-laundering and counterterrorism requirements for small financial institutions.

Rep. Darrell Issa, the Republican lawmaker from California, is among the candidates who have been discussed as President Trump gets closer to naming someone to run the Consumer Financial Protection Bureau, according to people familiar with the matter.

Park Financial has agreed to buy shares from one of the founders of Mesaba Bancshares.

From YouTube test drives to subscription services, auto lending isn’t what it used to be – and credit unions need to ensure they’re keeping up with the times.

Almost half of systemically important financial institutions are trading in bear territory; bank is accused of overcharging customers for mortgage-backed securities.

The company will gain 10 branches and $145 million in loans after it buys Gideon Bancshares.

The company, which has completed eight acquisitions since 2015, agreed to buy City Bank and Trust in Oklahoma.

The information you need to start your day, from PaymentsSource and around the Web. Today: Paytm's push at the point of sale; French ride hailing app SnapCar streamlines payroll; NatWest tests cardless pay; Payments Canada adds risk management exec.

Above all, open banking helps financial institutions improve the user experience, increasing customer satisfaction and addressing consumer needs, writes Aurimas Adomavicius, president and co-founder of Devbridge Group.

MyBucks plans to give away entry-level smartphones, loaded with the company's financial technology, to encourage mobile payments, mobile banking and broader access to digital services in Africa, where financial innovation often moves quickly.